168
168
Dec 6, 2012
12/12
by
KQEH
tv
eye 168
favorite 0
quote 0
would cut the deficit by $200 billion over ten years. supporters say the change wouldn't cut benefits. >> if we're making the change to reflect what is the real cost of living, as opposed to a different one, then you are not reducing them; you're just truing up what you should be getting. not something that-- i hate to use the term-- that might be inflated beyond what it should have been. >> reporter: this so-called technical fix will shave a quarter of a percentage point off social security's annual cost of living increase, and that difference adds up over time. some worry that will hurt the very old. >> it cuts real benefits. if somebody is getting fewer dollars in their check, that's real to them. and for people who are sliding progressively farther behind prevailing living standards, which is true of those out of the labor force for a very long time, it's about as real as it gets. >> reporter: but the change to a chained c.p.i. is easy to do, and that means it could be packaged into a deficit agreement quickly if there is bipartisan
would cut the deficit by $200 billion over ten years. supporters say the change wouldn't cut benefits. >> if we're making the change to reflect what is the real cost of living, as opposed to a different one, then you are not reducing them; you're just truing up what you should be getting. not something that-- i hate to use the term-- that might be inflated beyond what it should have been. >> reporter: this so-called technical fix will shave a quarter of a percentage point off social...
108
108
Dec 5, 2012
12/12
by
KQEH
tv
eye 108
favorite 0
quote 0
the deficit right now is. the notion that something terrible will happen if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you look
the deficit right now is. the notion that something terrible will happen if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial...
130
130
Nov 30, 2012
11/12
by
KQEH
tv
eye 130
favorite 0
quote 0
we also have an infrastructure deficit. that would give two advantages. one, it would employ people in this country at a time when unemployment is too high. and number two it would improve the competive position of the country so, that's a to-for. >> susie: senator conrad, thank you for coming to the program. we appreciate it. >> thank you, always good to be with you. >> reporter: i'm erika miller in new york. still ahead, we'll look at why silver has been one of the best performing asset classes this year. >> tom: the u.s. economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating
we also have an infrastructure deficit. that would give two advantages. one, it would employ people in this country at a time when unemployment is too high. and number two it would improve the competive position of the country so, that's a to-for. >> susie: senator conrad, thank you for coming to the program. we appreciate it. >> thank you, always good to be with you. >> reporter: i'm erika miller in new york. still ahead, we'll look at why silver has been one of the best...
107
107
Dec 7, 2012
12/12
by
CSPAN
tv
eye 107
favorite 0
quote 0
it does not solve the deficit. it is not a serious deficit proposal. the credit rating agencies are looking for a plan that lowers the gdp to debt ratio. i do not think there is a magic number. i do think to focus and our biggest driver is going forward,social security, medicare, to on them. will be more important in the number on discretionary spending or tax cuts themselves. do you think the president's plan adequately addresses the sustainability of medicare and social security? further. i do not think it is enough. i believe the proposals are good ones. i think they are hard proposals to make because they're substantive. to achieve fiscal sustainability in the context of $3 trillion in 10-year deficit reduction, i think we need to do more. >> looking at the republican plan and the president's proposal, do you see any common ground? >> the common ground is that we're looking at the same proposals. cbo has scored a number of different approaches. i also think there is no general agreement in the context of the current discussion, we will not make any
it does not solve the deficit. it is not a serious deficit proposal. the credit rating agencies are looking for a plan that lowers the gdp to debt ratio. i do not think there is a magic number. i do think to focus and our biggest driver is going forward,social security, medicare, to on them. will be more important in the number on discretionary spending or tax cuts themselves. do you think the president's plan adequately addresses the sustainability of medicare and social security? further. i...
142
142
Nov 30, 2012
11/12
by
CURRENT
tv
eye 142
favorite 0
quote 0
there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems programs are problems with rising health care. they're going to be problems for the whole country unless we get health care under control. that's why we need a single pair plan. that's why the affordable care act is a step in the right direction but it's not where we need to end up. >> cenk: from where it currently is arguing between a really conservative position and fairly conservative position to what the american people actually want, it's not a matter of what i want or you want, do not cut medicare and special security, cut oil subsidies and raise taxes on the rich, is that possible? >> i think it is possible. the obama white house democrats, particularly pro
there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems programs are problems with rising health care. they're going to be problems for the whole country unless we get health...
132
132
Dec 6, 2012
12/12
by
FOXNEWSW
tv
eye 132
favorite 0
quote 0
that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiations. you are right. there will be p republicans objecting. some said we don't need budget offset. there are republicans saying yes we do. it will probably end up getting rolled into the broader fight over the fiscal cliff. it is unlikely they will get pay fors. >> ed henry, thank you very much. the super hero versus the dancer. we are both trying to save the nation's debt mess. does allen have me beat? ♪ >>> we could be on the verge of breaking a major log jam in the united states senate. you are looking at harry reid a
that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before,...
92
92
Dec 1, 2012
12/12
by
CSPAN2
tv
eye 92
favorite 0
quote 0
which hasn't been better actually the trade deficit is actually significantly down but not all. we have had some that have become more competitive that is the front on which we need to work. the political debate hasn't kept up with the reality it's no longer the quarter of that anymore. it's the broadest of countries some that need to be worked on and the next president isn't just china bashing but what do we need to do have a world that is everybody trying to run a trade surplus which the government believes it is possible. [laughter] >> then there is this issue of trade and income inequality. and there's a similar level that presumably had relatively little to do with the distribution. if you make -- canada sends assembled cars back to the united states that is and when to be making a big difference to the deficiency. now we do a lot in the countries that are substantially lower income and are selling less labor-intensive products that are increasing the inequality and come through the skull the differentials and it's not simply put part of this revolution ourself. the trade i
which hasn't been better actually the trade deficit is actually significantly down but not all. we have had some that have become more competitive that is the front on which we need to work. the political debate hasn't kept up with the reality it's no longer the quarter of that anymore. it's the broadest of countries some that need to be worked on and the next president isn't just china bashing but what do we need to do have a world that is everybody trying to run a trade surplus which the...
130
130
Dec 1, 2012
12/12
by
CSPAN
tv
eye 130
favorite 0
quote 0
then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to
then eric cantor response of the lighthouse deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to...
149
149
Dec 6, 2012
12/12
by
CSPAN2
tv
eye 149
favorite 0
quote 1
this produces a kind and the deficit without to the deficit afterwards. the previous government has classified the management is off balance. today, it is on the balance sheet in line with the judge. it adds pounds to our debt and reminds us of the price the country it's okay for the failures of the past. [cheers] government has decided with the agreement of the bank of england to transfer excess cash held in the asset purchases will be. this is runcible cash management and is i line with the bank of japan is a reserve. and while some of the burden of this is more transparent than the previous approach. i want to make sure pact on the figures is completely transparent. we canassesses with and without the impact of the decision. mr. speaker, when cato office, the deficit stood at 11.2%, the highest in ur peacetime history. it was forecast to be the largest of any major ecom the world. in theast two years, th decit has fallen. today's figures show that with or without, the deficit is forecast to fall this year as well. cash borrowing is expected to fall too
this produces a kind and the deficit without to the deficit afterwards. the previous government has classified the management is off balance. today, it is on the balance sheet in line with the judge. it adds pounds to our debt and reminds us of the price the country it's okay for the failures of the past. [cheers] government has decided with the agreement of the bank of england to transfer excess cash held in the asset purchases will be. this is runcible cash management and is i line with the...
48
48
Nov 30, 2012
11/12
by
FBC
tv
eye 48
favorite 0
quote 0
said, did not contribute to the deficit. it is supported by the payroll taxes. that workers and their employers pay. >> you have seen, surveys that show the direct we're going, we -- the direction we're going we have moved its trouble date up, compared to other programs, that is prestine, my only point is why not put it out there, why not put out medicare, and medicaid and everything, and for republican defense, everything, and rather than pick and choose. >> whether defense, medicare, medicaid, those are out of general revenues, they are in a defendant category. social security, does nida, just need adjustments, it should not be part of solves will deficit. neil: i think what is intrinsic. is what you are not saying. that we're missing an opportunity to address the overall rate of money coming in and money going out. if you want to leave social security alone, and just look at all of other entitlements and big spending and hear, they say focus it has to be on taxes, i'm not here is a they don't raise taxes on the rich. the
said, did not contribute to the deficit. it is supported by the payroll taxes. that workers and their employers pay. >> you have seen, surveys that show the direct we're going, we -- the direction we're going we have moved its trouble date up, compared to other programs, that is prestine, my only point is why not put it out there, why not put out medicare, and medicaid and everything, and for republican defense, everything, and rather than pick and choose. >> whether defense,...
124
124
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 124
favorite 0
quote 0
we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might do in congress that would put their security in jeopardy? >> first and foremost, we are not talking about making change for current seniors or those 10 years from going in. but we have to do something for someone like myself who is 51 or those programs will not be there. we are talking 10-12 years of solvencey between social security and medicare. we have to be adults and leaders and say we have a program and we'll bring viable solutions to future generations. >> we are grateful you joined us this afternoon. thank you, congressman west. >> thank y
we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might...
394
394
Nov 30, 2012
11/12
by
KNTV
tv
eye 394
favorite 0
quote 0
warren rudman went on to found the coalition that pushed for reducing the deficit. senator rudman died this month at the age of 82. >>> and former president george h.w. bush in a hospital treated for bronchitis, he is listed in stable condition and expected to be released within 72 hours. his doctors described him as pretty much as normal, happy, joking with the staff and getting better. >>> up next as nightly news continues. the guessing game over who won that giant powerball, and what some people have noticed about the winning numbers and the pattern they follow. >>> and later, the random act of kindness caught on camera that is getting a lot of attention for all the right reasons. t powerball, you may be curious about who did, there are two big winning tickets and the second largest jackpot in american history, in missouri and arizona, more from dearborn, missouri, where one of the tickets was sold. kerry, also very curious about this secret code imbedded in one of the winning numbers >> reporter: very interesting, one ticket was sold here at this gas station,he
warren rudman went on to found the coalition that pushed for reducing the deficit. senator rudman died this month at the age of 82. >>> and former president george h.w. bush in a hospital treated for bronchitis, he is listed in stable condition and expected to be released within 72 hours. his doctors described him as pretty much as normal, happy, joking with the staff and getting better. >>> up next as nightly news continues. the guessing game over who won that giant...
141
141
tv
eye 141
favorite 0
quote 0
. >> $4 trillion of deficit reduction over the next ten years. itncludes $1.6 trillion in higher taxes on households making more than $250,000 a year. there's also $400 billion in cuts to entiementprograms. there's apls also some fresh n ending. $50 billion next year in stimulus spending,all for infrastruct n:oh green john likeou. a right, so we got a little x cut hike here, a little entitlement trim there. basically telling the government it needs a mix of diet and exercise ii want f it wants to reduce itshances of succumbing to heart disease or prostate -- christ, i just turned 50. (lghter) no, i'm sorry. basically this plan is around somewhat what obama said he was going to do about the budget while he was on the campaign trail. so i guess we can put that another way. >> the proposal that came forward yesterday really is a joke. >> i'm not surprised at my colleague, senator mcconnell laughed at that proposal. >> the president's plan does nothing but damn to us becoming gree. >> disappointing. >> disappointed. >> i'meally disappointed. (laughte
. >> $4 trillion of deficit reduction over the next ten years. itncludes $1.6 trillion in higher taxes on households making more than $250,000 a year. there's also $400 billion in cuts to entiementprograms. there's apls also some fresh n ending. $50 billion next year in stimulus spending,all for infrastruct n:oh green john likeou. a right, so we got a little x cut hike here, a little entitlement trim there. basically telling the government it needs a mix of diet and exercise ii want f it...
171
171
tv
eye 171
favorite 0
quote 0
absolutely are going to die if things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know the ratings agencies are minutes away, we're right to fix the problem in the long run than making a bandaid short-term
absolutely are going to die if things start to chang and in fact, the underlying real problem, the growing deficit on the path to greece, the goal gets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and...
261
261
Dec 4, 2012
12/12
by
FOXNEWSW
tv
eye 261
favorite 0
quote 0
durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusions. it is on rates not for economic reasons but political. he wants to break the backs of republicans. it this is a continuation of his campaign he thinks he wants it and now he wants to drive the steak through it. it is all about politics nothing about economics. >> democratic congressman chris van holland appeared on special report. there are cuts to the president's budget but republicans haven't paid attention to them. >>
durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the...
119
119
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 119
favorite 0
quote 0
the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the recession. it was not long after the stimulus kicked in. the government spent money and the economy grew. that's how it works. that's why it used to be a beltway consensus when the economy needed to e grow, you needed economic stimulus in terms of your fiscal policy. now the discussion about how we need to make sure we contract the economy and cause as much pain as p
the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became...
152
152
Dec 1, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... those surprising little still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be
it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500...
171
171
tv
eye 171
favorite 0
quote 1
that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit in excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that'sbout 8% of that deficit. so does that suggt we have a tax problem or, perhaps, a spending problem? think about this taxpayers making more than $250,000 representing the top 2% paid more than 46% f all texas. that would seem like a pretty fair deal to most of us, but the president says it is not fair. we don't know what that number is. how much should it be? and contrary to what the president would have you believe as he campaigns untack sites all around the country and against the wealthy, he's doing a lot of that. the bush tax rates are not the root of our problems. in fact, individual tax payments rose, get this, $2,303,000,000,000 or 26%. over the past tw
that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit in excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that'sbout 8% of that deficit. so does that suggt we have a tax problem or, perhaps, a spending...
128
128
Nov 29, 2012
11/12
by
CNNW
tv
eye 128
favorite 0
quote 0
we need to be creating jobs, not trying to cut the deficit. there is a time for that. we need jobs. >> tavis, good to see you, and you have a very famous voice. you were just on -- >> well, it is not that english thing you have, though. >> obviously, mine is much more. >> and coming up, something with a memorable voice, a lottery queen herself. we'll talk powerball. she has the name millions know and love, please reveal your name to us. >> i am yolanda vega. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hyb
we need to be creating jobs, not trying to cut the deficit. there is a time for that. we need jobs. >> tavis, good to see you, and you have a very famous voice. you were just on -- >> well, it is not that english thing you have, though. >> obviously, mine is much more. >> and coming up, something with a memorable voice, a lottery queen herself. we'll talk powerball. she has the name millions know and love, please reveal your name to us. >> i am yolanda vega. but,...
162
162
Nov 29, 2012
11/12
by
CURRENT
tv
eye 162
favorite 0
quote 0
oh my goodness deficit deficit deficit, fix the tax code, and what are they proposing lowering their own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today
oh my goodness deficit deficit deficit, fix the tax code, and what are they proposing lowering their own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and...
125
125
Dec 7, 2012
12/12
by
CSPAN
tv
eye 125
favorite 0
quote 0
but reduces the deficit is jobs. -- what reduces the deficit is jobs. why are we not here to pass the middle-income tax cuts, which unleashes -- creases the high- and contribution to the budget talks? why are we not here to pass middle-income tax cuts? debatee we not heare to the middle-income tax cuts? could it be that deep republicans are holding the middle-income tax cuts hostage to tak cuts for the wealthy? as long as they will not touch one red cent from the high end, we will never have the revenue to combine with the savings and spending cuts to reduce the deficits to create jobs, grow the economy, and improve the lives of americans. [indiscernible] we want to protect the middle class. it is not about the rates. it is about the money. it is about being a fugitive to the high end. it is about giving money to reduce the deficit, perot the economy, and unleash the power. it depends on how much money you can get and say, they will pay less. the middle class will pay more. >> 37% would bring in reckless and revenues? >> i do not know that. -- 37% would
but reduces the deficit is jobs. -- what reduces the deficit is jobs. why are we not here to pass the middle-income tax cuts, which unleashes -- creases the high- and contribution to the budget talks? why are we not here to pass middle-income tax cuts? debatee we not heare to the middle-income tax cuts? could it be that deep republicans are holding the middle-income tax cuts hostage to tak cuts for the wealthy? as long as they will not touch one red cent from the high end, we will never have...
115
115
Dec 5, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
we reached those massive deficits, the largest deficits in american history. and we begin to bring those back down. enter 2007. 2007, 2008 we had a republican president in the white house, we had a democratic speaker here in the u.s. house, spending began to tick back up. and as we entered the obama years, mr. speaker, here is the largest deficit in american history recorded during the bush administration, this is the annual deficit recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has m
we reached those massive deficits, the largest deficits in american history. and we begin to bring those back down. enter 2007. 2007, 2008 we had a republican president in the white house, we had a democratic speaker here in the u.s. house, spending began to tick back up. and as we entered the obama years, mr. speaker, here is the largest deficit in american history recorded during the bush administration, this is the annual deficit recorded in the obama administration. not twice as large than...
62
62
Nov 29, 2012
11/12
by
CSPAN2
tv
eye 62
favorite 0
quote 0
without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up. the underlying assumptions in our tax code are frankly out of step with the complexities of today's global economy. this is especially evident in our corporate tax code. on the domestic side of our corporate tax code, the u.s. has become the highest tax rate country among all the developed countries in the world. so canada just lowered their rate from 16.5% to 15%. our rate is 39.2% when you combine the state and federal burden. federal burden 35%. state burden closer to 5%, 6%. so right now, the average among all the developed countries in the
without adding a dime to the deficit, by the way. in fact, if done right, tax reform will increase revenues by spurring growth, job creation and therefore bigger tax receipts. tax reform is both a fiscal and competitive necessity for our country. it has been more than 25 years since we substantially reformed the tax code. twice as long, about 50 years since we did a bottom-up review of our international tax laws. the world has changed a lot in that time period and yet america has not kept up....
248
248
Dec 2, 2012
12/12
by
MSNBCW
tv
eye 248
favorite 0
quote 0
we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff. >> let me quickly say i don't favor going over the cliff, but howe regard is right. if you're worried about the deficit, the easiest way is to go over the cliff. you have increases right away. >> yeah. >> can i ask you, though, how can you guarantee e that all the extra tax hikes and provisions actually go towards paying the national debt and not more spending and more programs? >> you can't guarantee that but you have a conservative republican congress. they are not going to vote for any spending increase. why not take advantage of that and make the initial cuts and let them go into a stalemate for awhile. that's a pretty big amount. my sges that provides the certainty. we go back to the clinton tax rates. and we make sig
we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff. >> let me quickly say i don't favor going over the cliff, but howe regard is right. if you're worried about the deficit, the easiest way is to go over the cliff. you have increases...
137
137
Dec 6, 2012
12/12
by
MSNBCW
tv
eye 137
favorite 0
quote 0
bush inherited a surplus and left with a massive deficit. didn't monitor the financial system and so on. the most important point is david's right about, which is there's no such thing as a presidential referendum election. i've covered ten of these and they've all been choices. why? because these two candidates live in everybody's living rooms. people make a judgment about their character -- >> reagan was partially positive, just anti -- >> oh that became a choice election after reagan appeared in that one debate against carter and people said, hey, he isn't so bad. i have a choice. >> one of the other players, besides the two candidates was bill clinton, the former president, don't think anybody made a better case of making the case for obama than bill clinton. at the convention a critical moment when he explained the arithmetic of what obama inherited. >> in tampa the republican argument against the president's re-election was pretty simple, pretty snappy. it went something like this. we left him a total mess. he hadn't cleaned it up fast
bush inherited a surplus and left with a massive deficit. didn't monitor the financial system and so on. the most important point is david's right about, which is there's no such thing as a presidential referendum election. i've covered ten of these and they've all been choices. why? because these two candidates live in everybody's living rooms. people make a judgment about their character -- >> reagan was partially positive, just anti -- >> oh that became a choice election after...
120
120
Nov 30, 2012
11/12
by
FBC
tv
eye 120
favorite 0
quote 0
stuart: you're saying, oh, he left a deficit. it was congressional spending that led it a deficit. let's get back to the original argument. if you now, right now, lowered tax rates you would increase revenue to the treasury. >> you and i disagree on that. you and i disagree on that and i know my history and-- >> you think that by imposing higher tax rates, massive tax increase. >> no, no, not on everyone, not on everyone. stuart: tell me how you're going to get growth when you raise taxes by a trillion 6. go. >> are you talking about deficit reduction or growth. if you're talking about growth. stuart: growth in the economy. >> of course it's a combination of things and it's a matter of-- i believe na a bigger stimulus, for example. stuart: do you believe if we put this plan, the president's plan into practice now. >> i don't think the president's plan will be put into practice. stuart: do you think that we'd get 4 or 5% growth? >> i don't think it's a realistic plan, i said it from day one. stuart: and if we raise taxes, that's the heart of this thing, if we raise taxes do you thin
stuart: you're saying, oh, he left a deficit. it was congressional spending that led it a deficit. let's get back to the original argument. if you now, right now, lowered tax rates you would increase revenue to the treasury. >> you and i disagree on that. you and i disagree on that and i know my history and-- >> you think that by imposing higher tax rates, massive tax increase. >> no, no, not on everyone, not on everyone. stuart: tell me how you're going to get growth when you...
307
307
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 307
favorite 0
quote 0
both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of this yesterday from senate majority leader talking to john boehner. >> i don't understand his brain. you should ask him. >> not much time to get this done. the president meantime flies to pennsylvania for a campaign style rally to sell his plan. back to you guys. >> in certain states out west
both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult...
188
188
tv
eye 188
favorite 0
quote 0
and that social security has nothing to do with the deficit. it is solvent and until 2037. medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead and raise taxes. say we do that. that doesn't get us close to solving the problem. i mean we still have $16.3 trillion in debt. we are still running $4 billion a day beyond what we're making. we this huge problem in this country. if it was a house you would throw uppyour arms in distress say, my god, we can never pay all these bills. that is sort of the point. >> i'm not in distress on that. first of all with the tax rrlief for 98% of the americans, we'll turn a reasoned amount of a trillion upwards back into the treasury. that is the first step. secondarily, a lot of economists will m
and that social security has nothing to do with the deficit. it is solvent and until 2037. medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead...
138
138
Nov 29, 2012
11/12
by
FOXNEWSW
tv
eye 138
favorite 0
quote 0
the spending deductions have not reduced our deficit. we still have, the president still has $1 trillion plus deficit if this next fiscal year. he had it for the past four and he has it for the next four if he follows the same course. that is not a road to prosperity or job creation. or economic vitality. >>neil: i want to be clear, congressman. republicans do not appear to be on the same page on this, as republicans, are you saying your view, hiking the rates or adjusting in any way is felt universally by your colleagues? we know a couple of them have bolted from that but you are going to hold in lock step on that position? >>guest: there is a universality in our conference with 240 of us in the house of representatives so there are 240 different opinions but by and large the majority of us firmly believe raising tax rates is counterproductive and doesn't solve the problem. >>neil: always a pleasure, sir, thank you. take the money and run? not quite but quite a run of companies hiking dividends. and disney is the latest and it will prob
the spending deductions have not reduced our deficit. we still have, the president still has $1 trillion plus deficit if this next fiscal year. he had it for the past four and he has it for the next four if he follows the same course. that is not a road to prosperity or job creation. or economic vitality. >>neil: i want to be clear, congressman. republicans do not appear to be on the same page on this, as republicans, are you saying your view, hiking the rates or adjusting in any way is...
140
140
Dec 4, 2012
12/12
by
FOXNEWSW
tv
eye 140
favorite 0
quote 0
bill clinton increased taxes from 35 to 39%, started with a $300 billion deficit. ended with a trillion dollar surplus. all of you and i think you on television predictedicted thered be a recession. 23 million jobs later, there was no recession. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus, conservatives like yourself loved the fact we had a surplus underather than under the last o administrations. we now have a $16 trillion national debt. >> one question, lanny. under bill clinton, they cut defense spending from reagan 6% of gdp to 3%. cut it in half as a percentage of t
bill clinton increased taxes from 35 to 39%, started with a $300 billion deficit. ended with a trillion dollar surplus. all of you and i think you on television predictedicted thered be a recession. 23 million jobs later, there was no recession. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he...
167
167
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 167
favorite 0
quote 0
we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he wants. i am sure that alan colmes loves this idea. here are the problems. the congress has the authority to authorize the debt. they also have the authority to authorize the bill that pays the debt. so now the president wants to take that away. this guy has shown a tendency to say that i don't need congress. i can pass laws with a stroke of a pen on executive orders. he doesn't need the supreme court because he declares laws unconstitutional, like doma. he says he wants an unlimited credit card, and you all will have to pay the bill. we have a debt ceiling, as much as people anguish over it, we need to have a conversation about what we are spending and why. w
we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he wants. i am sure that alan colmes loves this idea. here are the problems. the congress has the authority to authorize the...